How are Title Searches done and is there U.S. title insurance available?
Yes , investors are now protected by U.S. title insurance (if the buyer so chooses), there are bonded escrow accounts available, and extensive title searches are standard to any purchase. The title and title search document is called an Escritura. Q: Can the Mexican Government confiscate my land? A: Foreigners often worry about their land being expropriated by the Mexican government. Under the North American Free Trade Agreement, NAFTA, Mexico may not directly, or indirectly, expropriate property except for a public purpose. This is the same as “Eminent Domain” in the U.S. Where it is necessary to expropriate land, swift and fair market compensation must be paid, together with accrued interest. If a property is owned / leased via a Bank Trust it is not Ejido or public purpose loan so an not be expropriated by the Mexican government.
